Bearman Posted October 3, 2003 Report Share Posted October 3, 2003 Do you think the sentiment is bullish? guess they want to make sure no shorts left Link to comment Share on other sites More sharing options...
GregFokker Posted October 3, 2003 Report Share Posted October 3, 2003 Finger pointing time The Wall Street Journal reports former NYSE chairman Dick Grasso pressured a major big board floor firm to increase its purchases of shares of AIG after he received complaints from AIG chairman Maurice "Hank" Greenberg Dick: "Ya." Hank: "Dick, we gotta get dis ting moving. We doan tink yous guys are doing enough. Dere's udder exchanges out dere." Dick: "Awright, I'll look into it." Hank: "It's a pebble in my shoe." Dick: "I tole you I'll look into. I'll torque to some people. I'll call a guy." Link to comment Share on other sites More sharing options...
machinehead Posted October 3, 2003 Report Share Posted October 3, 2003 You could actually hear Kudlow cheering in the background, as the reporter read the figures in front of the Labor Dept. OK, so we gap up at the open. Three possibilities for the day: 1. Gap up and runaway to S&P 1040. 2. Gap up and flatline all day. 3. Gap up and then steadily erode and close the gap. No. 3 would be a shocker at this point. Only if they don't believe the numbers. Link to comment Share on other sites More sharing options...
Sphinxter Posted October 3, 2003 Report Share Posted October 3, 2003 And how come silver now follows gold on all downdrafts? This is relatively new behavior for silver. Something is going on. Link to comment Share on other sites More sharing options...
wndysrf Posted October 3, 2003 Report Share Posted October 3, 2003 Kudlow going absolutely nuts. Someone needs to pin him down and put him on some Prozac. Animal spirits in the futures pits. Can't wait to see Leslie and Maria on the open. Both should be primed and juicy, willing to provide thick necked spoos traders with obligatory slobber bobber. Link to comment Share on other sites More sharing options...
fxfox Posted October 3, 2003 Report Share Posted October 3, 2003 which bastard did cook those numbers in a monster style manner? Link to comment Share on other sites More sharing options...
wndysrf Posted October 3, 2003 Report Share Posted October 3, 2003 Fed has overstimulated. Big rate hikes coming. Gold cannot take out $382 to the downside. Banana Republic Hyperinflation on the way. Gold bears will be disappointed. Grab your wheelbarrows. Link to comment Share on other sites More sharing options...
Sphinxter Posted October 3, 2003 Report Share Posted October 3, 2003 I, for one, don't believe those numbers. All from personal experience and anecdote, but these numbers are inconsistent with my reality. Anybody else? Link to comment Share on other sites More sharing options...
The Mad Hungarian Posted October 3, 2003 Report Share Posted October 3, 2003 Kudlow going absolutely nuts. Someone needs to pin him down and put him on some Prozac. Animal spirits in the futures pits. Can't wait to see Leslie and Maria on the open. Both should be primed and juicy, willing to provide thick necked spoos traders with obligatory slobber bobber. wndy, Did you hear Kudlow espousing his new "theory" called "job hoarding"? Un-frickin-believable! Link to comment Share on other sites More sharing options...
Guest Posted October 3, 2003 Report Share Posted October 3, 2003 Kudlow going absolutely nuts. Someone needs to pin him down and put him on some Prozac. Funny Mark, I was thinking his dosage should be massively reduced. . . . .Oh My! Mama San is next! Link to comment Share on other sites More sharing options...
Bearbones Posted October 3, 2003 Report Share Posted October 3, 2003 I, for one, don't believe those numbers. All from personal experience and anecdote, but these numbers are inconsistent with my reality. Anybody else? In my earlier post I pointed out that there could be a large upward adjustment to reconcile the payroll and household data. Apparently, people are losing payroll jobs and starting businesses. The previous numbers were not counting those correctly. Average hourly earnings declined and the workweek did not expand. Link to comment Share on other sites More sharing options...
Sphinxter Posted October 3, 2003 Report Share Posted October 3, 2003 You could actually hear Kudlow cheering in the background, as the reporter read the figures in front of the Labor Dept. OK, so we gap up at the open. Three possibilities for the day: 1. Gap up and runaway to S&P 1040. 2. Gap up and flatline all day. 3. Gap up and then steadily erode and close the gap. No. 3 would be a shocker at this point. Only if they don't believe the numbers. Nah. #3 is not an option. Too many people want to believe. Such is the way of the masses. Link to comment Share on other sites More sharing options...
Bearman Posted October 3, 2003 Report Share Posted October 3, 2003 History in Extreme going down now......... Link to comment Share on other sites More sharing options...
Guest Posted October 3, 2003 Report Share Posted October 3, 2003 I closed my long yesterday as I go on holiday later today - been burnt before leaving positions open. sods law eh!! A profit is a profit, and if I had gambled I might have lost it... However, if I WAS trading this I would be looking to fade it. This over-reaction is a definite gap-and-crap. Link to comment Share on other sites More sharing options...
Guest libertas Posted October 3, 2003 Report Share Posted October 3, 2003 The separate household survey, which has indicated a stronger labor market over the past year, weakened in September, showing an employment loss of 52,000 and an increase of 68,000 in unemployment. The government also published a preliminary revision to its payroll count based on more complete information from state unemployment offices. Rather than increasing by several hundred thousand as expected, the benchmark revision will reduce payroll estimates by 145,000 or 0.1 percent for March 2003. Link to comment Share on other sites More sharing options...
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